22 August

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U.S. lends support to Lithuania against China pressure By Reuters

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By Andrius Sytas VILNIUS (Reuters) - U.S. Secretary of State Antony Blinken spoke with Lithuania's foreign minister on Saturday and agreed on "bilateral coordinated action" to help the country withstand pressure from China over its decision to develop ties with Taiwan, Lithuania said. China on Aug. 10 demanded that Lithuania withdraw its ambassador in Beijing and said it would recall China's envoy to Vilnius in a row over the Baltic state allowing Chinese-claimed Taiwan to open a de facto embassy there using its own name. Blinken and Gabrielius Landsbergis agreed "China's unilateral aggressive actions and political...

22 August

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Iran urges Japan to release billions in blocked funds amid U.S. sanctions By Reuters

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DUBAI (Reuters) - Iran's President Ebrahim Raisi called on Japan to release Iranian funds frozen in the country because of U.S. sanctions, Iranian state TV reported after the president met on Sunday with the visiting Japanese foreign minister. Iran has been unable to obtain tens of billions of dollars of its assets mainly from exports of oil and gas in foreign banks, including $3 billion of its funds in Japan, due to U.S. sanctions on its banking and energy sectors. The sanctions were reimposed in 2018 after Washington abandoned Tehran's 2015 nuclear deal with six world...

22 August

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Merkel offers reassurances on Russia pipeline, Ukraine urges greater clarity By Reuters

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By Andreas Rinke and Pavel Polityuk KYIV (Reuters) -German Chancellor Angela Merkel offered reassurances on Sunday that Ukraine would not suffer from the construction of Russia's Nord Stream 2 pipeline, but Ukraine said talks about its future as a transit country had been vague. On her final visit to Kyiv before retiring as chancellor next month, Merkel said "gas should not be used as a geopolitical weapon" by Russia and that Germany could impose new sanctions on Moscow if necessary. "It is important that Ukraine remains a transit land," she said after talks with President Volodymyr...

22 August

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Italy’s Fincantieri talking to Leonardo over OTO Melara unit -source By Reuters

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MILAN (Reuters) - Italian shipbuilder Fincantieri is talking to Leonardo about a possible acquisition of the defence group's OTO Melara unit, a source familiar with the matter said on Saturday. There are contacts between the two groups over the unit, the source said. Italian daily La Stampa on Saturday reported that Fincantieri was in early talks to buy OTO Melara, famous for its naval gun production, and could launch an offer before the end of the year. The newspaper said any deal would be vetted by the Italian Treasury which is top shareholder in Leonardo...

22 August

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Private equity firms circling Sainsbury’s with view to launch bids – Sunday Times By Reuters

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(Reuters) - Private equity companies are circling British supermarket group Sainsbury's with a view to possibly launching bids of more than 7 billion pounds ($9.53 billion), The Sunday Times reported. American buyout giant Apollo is said to be running the rule over the supermarket group, the newspaper reported https:// It remains in talks to join the Fortress-led consortium bidding for Morrisons and any involvement in that deal may preclude a move for Sainsbury's, the report said, adding Apollo's interest in Sainsbury's is exploratory. British supermarket group Morrisons said on Thursday its board would unanimously...

21 August

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Legal & General plans to expand into China -Telegraph By Reuters

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(Reuters) - Legal & General (L&G) is planning to expand into China, the chief executive of the insurer and asset manager has told The Telegraph newspaper, it reported on Saturday. "We've got to grow really quickly from here and we're not short of opportunities. We are looking at our options right now … but the demographics (in China) are compelling," CEO Nigel Wilson told the newspaper in an interview. L&G has decided not to go down the insurance route in China, but Wilson suggested a fund management partnership is the most likely way the firm...

21 August

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Hurricane Grace hits Mexico with major flooding, eight killed By Reuters

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By Tamara Corro TECOLUTLA, Mexico (Reuters) -Hurricane Grace pummeled Mexico with torrential rain on Saturday, causing severe flooding and mudslides that killed at least eight people, authorities said, after it became one of the most powerful storms in years to hit the country's Gulf coast. Grace was whipping up maximum sustained winds of 125 miles per hour (201 km per hour), a Category 3 hurricane on the five-step Saffir-Simpson scale, when it slammed into the coast near the resort of Tecolutla in Veracruz state in the early morning. The state government said eight people were...

21 August

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‘Paw Patrol’ unleashed: Behind ViacomCBS’s plan to take on Disney By Reuters

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By Helen Coster (Reuters) -When “Paw Patrol: The Movie” hits theaters and the Paramount+ streaming service on Friday, it will kick off one of ViacomCBS’ most ambitious efforts to take on Disney in the streaming wars. The release of the feature film based on the animated children’s series about a group of rescue dogs who protect their community, will be backed by an “eight figure” marketing blitz, with 1,800 TV ads across channels like Nickelodeon. It involves partnerships with almost 200 companies - from Kellogg’s cereal to Best Western hotels - on tie-ins for...

21 August

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Delta, Fed dominate economic conversation as stocks jump, oil drops By Reuters

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By Pete Schroeder WASHINGTON (Reuters) -Stocks recovered ground on Friday despite concerns about economic growth amid rising COVID-19 cases, which continued to take its toll on oil prices. The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%. However, all three indices ended with weekly losses following a steep mid-week sell-off after Federal Reserve meeting minutes underlined the U.S. central bank's plans to pare back stimulus by year's end. The MSCI world equity index, which tracks shares in 45 nations, rose 0.43%. "We are...

21 August

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Australia’s red-hot housing to get hotter, affordability to worsen – Reuters poll By Reuters

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By Vivek Mishra BENGALURU (Reuters) - Red-hot Australian house prices will heat up even more this year and next thanks to super-low borrowing costs and a lack of available homes, making affordability even worse, a Reuters poll found. Since the coronavirus pandemic began, the Reserve Bank of Australia has slashed its interest rate to a record low and flooded the financial system with cash, a potent stimulus for one of the world's most expensive housing markets. House prices have nearly doubled nationwide and more than doubled in Sydney and Melbourne, the country's two biggest cities, since...

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U.S. lends support to Lithuania against China pressure By Reuters

Iran urges Japan to release billions in blocked funds amid U.S. sanctions By Reuters

Merkel offers reassurances on Russia pipeline, Ukraine urges greater clarity By Reuters

Italy’s Fincantieri talking to Leonardo over OTO Melara unit -source By Reuters

Private equity firms circling Sainsbury’s with view to launch bids – Sunday Times By Reuters

Legal & General plans to expand into China -Telegraph By Reuters

Hurricane Grace hits Mexico with major flooding, eight killed By Reuters

‘Paw Patrol’ unleashed: Behind ViacomCBS’s plan to take on Disney By Reuters

Delta, Fed dominate economic conversation as stocks jump, oil drops By Reuters

Australia’s red-hot housing to get hotter, affordability to worsen – Reuters poll By Reuters

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